Grantmakers In The Arts
- Assets
- $4.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Bronx, NY
- Founding
- 07/1994
- Data as of
- 12/2022
- EIN
- 36-3670955
Organization Overview
Grantmakers In The Arts is located in Bronx, NY. The organization was established in 1994. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Grantmakers In The Arts employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grantmakers In The Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Grantmakers In The Arts generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GRANTMAKERS IN THE ARTS (GIA) IS A NATIONAL NETWORK FOR PRIVATE, PUBLIC AND CORPORATE ARTS FUNDERS AND PROVIDES LEADERSHIP AND SERVICE THAT ADVANCES THE USE OF PHILANTHROPIC AND GOVERNMENTAL RESOURCES TO SUPPORT THE GROWTH OF ARTS AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCE: GRANTMAKERS IN THE ARTS PRODUCES AN ANNUAL NATIONAL CONFERENCE OPEN TO ALL STAFF AND BOARDS OF TRUSTEES OF ARTS FUNDERS. THE CONFERENCE OFFERS 20 - 50 EDUCATIONAL SESSIONS ON BEST PRACTICES, FUNDING TRENDS, CURRENT SUCCESSFUL PROGRAMS, AND UNIQUE PHILANTHROPIC CHALLENGES. KEYNOTE SPEAKERS AND ARTISTS PROVIDE INSPIRATIONAL AND EDUCATIONAL PRESENTATIONS. HELD IN A DIFFERENT CITY EACH YEAR, SESSIONS ALSO EXTEND TO LOCAL ARTS VENUES FOR GREATER IMPACT. THE 2022 CONFERENCE, IN NEW YORK CITY, WAS OUR FIRST HELD IN-PERSON SINCE THE BEGINNING OF THE PANDEMIC.
OTHER PROGRAMS: THIS PROGRAM CATEGORY INCLUDES RESEARCH ON SUPPORT FOR INDIVIDUAL ARTISTS; WEBINARS AND PODCASTS; RESEARCH ON PHILANTHROPIC TRENDS AND ISSUES; THE NATIONAL CAPITALIZATION PROJECT; AND PUBLICATION OF OUR ONLINE READER. GIA PROVIDES EDUCATIONAL CONTENT FOR ARTS FUNDERS THROUGH A DAILY CHANGING NEWSFEED ON ITS WEBSITE, ON-LINE WEBINARS OPEN TO MEMBERS AND LATER AVAILABLE TO THE GENERAL PUBLIC; PUBLIC PODCASTS, AN ONLINE PUBLICATION (THE GIA READER) FEATURING TRENDS AND RELEVANT ISSUES, ONLINE WORKSHOPS ON SOUND CAPITALIZATION PRINCIPLES FOR NON-PROFIT ARTS GROUPS AND FORUMS BRINGING FUNDERS TOGETHER TO DISCUSS AREAS OF CONCERN FOR THE FIELD OF ARTS PHILANTHROPY. GIA ALSO ENGAGED IN RESEARCH IN THE AREAS OF RACIAL EQUITY CODING IN ARTS FUNDING AND MISSION-BASED INVESTING FOR ARTS & CULTURE FUNDERS, AND WORKED WITH A FUTURIST CONSULTANT TO EXPLORE HOW ARTS FUNDING MIGHT BE MORE EQUITABLE IN A POST-PANDEMIC ENVIRONMENT.
RACIAL EQUITY IN ARTS FUNDING: GIA, IN CONJUNCTION WITH TRUE NORTH EDI, LEADS VIRTUAL RACIAL EQUITY IN ARTS FUNDING WORKSHOPS WITH A NATIONAL REACH. IN CONJUNCTION WITH HILLOMBO LLC, GIA HAS DEVELOPED A RACIAL EQUITY IN ARTS FUNDING COMMUNITY OF PRACTICE FOR ARTS AND CULTURE FUNDERS ACTIVELY WORKING TO ADVANCE RACIAL EQUITY. A WEBINAR AVAILABLE ON THE GIA WEBSITE FEATIRES GIA AND RACE FORWARD DISCUSSING THE CREATION AND PERPETUATION OF THE RACIAL HIERARCHY, AND PROVIDES GUIDANCE ON INSTITUTIONAL STRATEGIES FOR DIVERSITY, INCLUSION, AND EQUITY. GIA STAFF ATTENDED RACIAL EQUITY FACILITATION TRAINING TO ENHANCE WORKSHOP OFFERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Torres President & CEO | Officer | 40 | $154,253 |
Nadia Elokdah VP & Prog. Dir. | Officer | 40 | $119,165 |
Champ Knecht Dir.ops & Fin. | Officer | 40 | $103,097 |
Ted Russell Chair | OfficerTrustee | 2 | $0 |
Tariana Navas-Nieves Vice Chair | OfficerTrustee | 2 | $0 |
Ken May Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $237,720 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,006,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,243,922 |
| Total Program Service Revenue | $358,760 |
| Investment income | $11,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,617,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $446,610 |
| Compensation of current officers, directors, key employees. | $79,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,718 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,127,708 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,667 |
| Information technology | $7,882 |
| Royalties | $0 |
| Occupancy | $192,647 |
| Travel | $179,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,527 |
| All other expenses | $0 |
| Total functional expenses | $2,587,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,332 |
| Savings and temporary cash investments | $1,396,306 |
| Pledges and grants receivable | $1,002,102 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,341 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,400,991 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $407,678 |
| Total assets | $4,570,750 |
| Accounts payable and accrued expenses | $95,427 |
| Grants payable | $0 |
| Deferred revenue | $392,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $439,308 |
| Total liabilities | $927,335 |
| Net assets without donor restrictions | $1,504,115 |
| Net assets with donor restrictions | $2,139,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,570,750 |